Overheard

"Our portfolio associated with value retail is a little over 34 percent of our business. In 2011 it generated $1.2 billion of our NOI. And it is growing." - David Simon, CEO of Simon Property GroupSee more details in the March 2013 VRN
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By the Numbers

The world’s 35 largest outlet centers – those that are 500,000 sf or bigger – are mostly found in North America. Twenty-five of the world’s largest are in the U.S., and three are in Canada. Two large outlet centers are in China and two more are in Australia. The 35 centers total more than 23 million sf, or about one-fourth of the world’s total outlet GLA of 96 million sf. Chelsea...
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Tanger preps Savannah and Foxwoods openings

Tanger Factory Outlet Centers will open Tanger Outlets Savannah in Pooler, Ga., on April 16 and follow briskly by opening Tanger Outlets Foxwoods in Mashantucket, Conn., on May 21. The 375,000-sf Savannah center, a JV with Ben Carter Enterprises, is at the southwest quadrant of Pooler Parkway and Interstate 95, just north of Interstate 16. Tenants include Abercrombie & Fitch, Brooks...
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VRN Twitter alerts surpass 15,000 reads monthly

Tune into the latest in outlet center development news and analysis via @ValueRetailNews. More than 440 current followers receive news-alert tweets several times weekly from VRN via our Twitter site: twitter.com/ValueRetailNews VRN tweets make more than 15,000 impressions each month. Visit the site and discover why companies including Cherokee Nation, Empire Outlets NYC, Howard Hughes,...
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10,000 subscribers: Global Outlet NewsBrief

If you like reading Global Outlet NewsBrief and know someone who'd like to receive it regularly, click the "FORWARD" button to have a copy emailed to him or her. They'll find it easy to subscribe or to opt out at any time. Every two weeks the editors of VRN and IOJ provide up-to-the-minute news and follow-up analysis on: outlet industry pipeline updates, outlet chain activity, outlet...
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NED preps Asheville opening, sets Little Rock date

New England Development will open Asheville (N.C.) Outlets on May 1, kicking off with a preview to benefit 20 local charities. The 350,000-sf center is a total redevelopment of the former Biltmore Square Mall and adjoins Biltmore Estate, which draws 1 million visitors annually. The 75 retailers will include ASICS, Banana Republic Factory Store, Brooks Brothers Factory Store, Coach...
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Outlet Agenda

Fall Outlet Leasing and Marketing Convention In September, the VRN Fall Outlet Leasing and Marketing Convention moves back to Secaucus, N.J., for an enhanced program that will include keynote speakers, marketing workshops and roundtables, one-and-a-half days of deal making, and the presentation of the ORCA and Hall of Fame awards. Qualified retailers get in free, and this meeting...
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ICSC member families can tap scholarships

Five scholarships – one for each North American ICSC division – are now available for families of ICSC members, with an application deadline of May 13, 2015. More information and the application is available at icscfoundation.org/families. Education expenses at two-year and four-year programs will be funded at $2,000 per year and $2,500 per year respectively, with total awards being...
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Neinver outlet sales approach €1 billion

Neinver, the second largest European outlet-center developer and operator, reported that its 15 centers recorded more than 41 million visitors in 2014, a 5 percent increase over 2013 footfall. Sales at Neinver’s portfolio grew 10 percent to €952 million. The strongest performer in the portfolio was Roppenheim The Style Outlets near Strasbourg, France. The center’s 1.4 million visitors...
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Germany cuts radius restrictions

The Federal Cartel Office in Germany issued a decision on March 3 that limits the non-compete radius in retail leases to 50 km (31 miles) and five years. The FCO rendered the decision in a case concerning Value Retail’s 225,000-sf Wertheim Village, which is midway between Frankfurt and Nuremberg in the southwestern German state of Baden-Wurttemberg. The leases in question at the...
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